HDFC Life's AUM crosses Rs2 trillion mark in FY22; PAT reported at Rs1,208 crore

27 Apr 2022 , 02:48 PM

HDFC Life Insurance Compay Limited reported Individual WRP growth of 16% resulting in industry market share expansion by 10 bps to 9.3%.

Company’s protection new business premium grew by 47%, and the annuity business logged growth of 24%. New Business Premium for the FY ended March 2022 was reported at Rs24,155 crore as against Rs20,107 crore in FY21.

Total Premium for FY22 stood at Rs45,963 crore as compared to Rs38,583 crore in FY21, logging a growth of 19% yoy.

Renewal Premium for the financial year ended March 2022 was reported at Rs21,808 crore as compared to Rs18,477 crore in FY21, registering a growth of 18% yoy.

HDFC Life’s AUM crossed Rs 2 trillion mark, registering a 17% yoy growth in FY22 against an AUM of Rs1.7 trillion in FY21.

Company reported PAT of Rs1,208 crore for FY22, registering a decline of 11% yoy against Rs1,360 crore in FY21.

HDFC Life’s board proposed a final dividend of Rs1.70 per share.

At around 2.52 PM, HDFC Life was trading at Rs548 down by Rs1.5 or 0.27% from its previous closing of Rs549.50 on the BSE. It touched intraday high and low of Rs558.45 and Rs537.15 respectively.